HP also reported that it plans to announce that its board of directors has authorized the exploration of strategic alternatives for its Personal Systems Group (PSG). HP will consider a broad range of options that may include, among others, a full or partial separation of PSG from HP through a spin-off or other transaction.

In addition, HP reported that it plans to announce that it will discontinue operations for webOS devices, specifically the TouchPad and webOS phones. HP will continue to explore options to optimize the value of webOS software going forward.

The HP TouchPad just recently announced is a tablet based on the webOS platform. It was received with low sales, and the company has dropped its price since the initial launch just a month ago.

HP has created the webOS after buying Palm, the company that made PDAs popular in late 90s early 2000s. The webOS is also used in a range of smartphones the company has developed since the acquisition in 2010.

HP today announced preliminary results for the third fiscal quarter 2011, with revenue of US$31.2 billion compared with US$30.7 billion one year ago.